@vikram_ch this you will have to ask the govt like why certain farmers like Amitabh Bacchan and others won't pay tax despite his income being way above the bracket.
What makes you think the Dutch govt will hold back against Indian firms if AGR has to go through? They can use the same absurd logic used by the DoT, Tax dept and the govt.(Cairn has already done it, just to give you an idea) and charge billions of dollars. Watch videos on YT to get an idea as to what methodologies have been adopted by the govt to tax them. I am not saying that these telcos have done a right thing by delaying the taxes. But by imposing penalty on penalty on not paying taxes, interests is not the way to proceed with any firm. If you think foreign investors are going to invest in India with such stupid rules, good luck with that!
You cannot offset the tax not paid by Reliance/Jio onto other telcos. That is plain brutal murder of how private sector works. In the end we, as tax payers, have to suffer for such sh!++Y govt. policies. Such things don't happen in the western countries. That was the main reason why BIT was brought in... to have transparency in tax and level playing field to both domestic and international players under the guidance of MIGA, World Bank.
@Nikhil Sharma it's like saying the govt says today you will be taxed 100 bucks for spectrum, them a few years later, they will claim 100 bucks for the office rented by VI, its employees, tax on the rent on PSU's land(ONGC and another one in point) and other arbitrary points. No company will bow to such methods of taxation. If they were going to implement such measures, then these things should have been made clear in the agreement before signing any treaty.
You cannot tax the companies based on your whims and fancies. That is effectively called "tax terrorism" and it goes against the basic notion of BIT which India has with the Netherlands. Time and again, international firms have called out that the spectrum royalties are one of the most expensive in India. Clearly it shows that govt is trying to appropriate absurd money through tax.
What makes you think the Dutch govt will hold back against Indian firms if AGR has to go through? They can use the same absurd logic used by the DoT, Tax dept and the govt.(Cairn has already done it, just to give you an idea) and charge billions of dollars. Watch videos on YT to get an idea as to what methodologies have been adopted by the govt to tax them. I am not saying that these telcos have done a right thing by delaying the taxes. But by imposing penalty on penalty on not paying taxes, interests is not the way to proceed with any firm. If you think foreign investors are going to invest in India with such stupid rules, good luck with that!
You cannot offset the tax not paid by Reliance/Jio onto other telcos. That is plain brutal murder of how private sector works. In the end we, as tax payers, have to suffer for such sh!++Y govt. policies. Such things don't happen in the western countries. That was the main reason why BIT was brought in... to have transparency in tax and level playing field to both domestic and international players under the guidance of MIGA, World Bank.
@Nikhil Sharma it's like saying the govt says today you will be taxed 100 bucks for spectrum, them a few years later, they will claim 100 bucks for the office rented by VI, its employees, tax on the rent on PSU's land(ONGC and another one in point) and other arbitrary points. No company will bow to such methods of taxation. If they were going to implement such measures, then these things should have been made clear in the agreement before signing any treaty.
